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October 24, 2013: Barbados Announces Its Intention to Negotiate Model 1 IGA

Foreign Account Tax Compliance Act (FATCA)


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Barbados has signaled to the U.S. its intention to sign a Model 1 IGA

On October 24, 2013, the Barbados Prime Minister announced Barbados’ intention to sign a Model 1 IGA with the U.S. as well as his willingness to join the Organization for Economic Co-operation and Development (OECD) Multilateral Automatic Exchange of Information Convention.

The Prime Minister expects to formally announce the negotiation of the Model 1 IGA with the U.S. and to work towards concluding the Agreement by the end of the year.

Full article and copy of the press release issued by the Barbados Government are available for download. For more information please contact a Deloitte FATCA Leader or click here.

As used in this document, “Deloitte” means Deloitte Tax LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

 

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